Renaissance Capital Raises Dangote Refinery Valuation to N700.41 Per Share

Renaissance Capital Africa (RCA) has raised its valuation of Dangote Petroleum Refinery and Petrochemicals FZE to N700.41 per share, representing a 33.4% premium to the N525 IPO offer price . The upward revision follows stronger-than-expected earnings for the nine months ended September 2026, as the refinery's revenue, EBITDA, and net profit exceeded the investment firm's estimates . The new valuation represents a 13.1% increase from RCA's earlier estimate of N619.47 per share and implies... Read more

  Economy   Oct 19, 2026   0   17  Add to Reading List
Renaissance Capital Raises Dangote Refinery Valuation to N700.41 Per Share












Renaissance Capital Africa (RCA) has raised its valuation of Dangote Petroleum Refinery and Petrochemicals FZE to N700.41 per share, representing a 33.4% premium to the N525 IPO offer price . The upward revision follows stronger-than-expected earnings for the nine months ended September 2026, as the refinery's revenue, EBITDA, and net profit exceeded the investment firm's estimates .

The new valuation represents a 13.1% increase from RCA's earlier estimate of N619.47 per share and implies...

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